According to a recent poll of over 120,000 Ontario residents who have used a real estate agent within the last 12 months, the majority hired their realtor without knowing the amount of expertise the realtor had or what home buying and home selling advice they could offer.
For example, only 10 per cent of Ontario residents who used a real estate agent in the last year knew that the real estate agent was trained in environmental issues, and six per cent knew that the realtor had been educated in family law as per the training that real estate agents have to undergo.
“Realtors in Ontario must successfully complete a rigorous training process as well as continue our education after we start practising so we can be prepared to help our clients with all their needs,” said the president of the Ontario Real Estate Association, Barbara Sukkau, in a press release. “Most clients do not realize that Realtors are aware of family law issues when selling a family home during a divorce, or that most Realtors can advise about home inspections based on our knowledge of building construction in the province. There are many other issues that come to light during a real estate sale or purchase on which a Realtor can help a client make an informed decision,” she said.
In addition, only half of those polled knew about real estate agents undergoing continuing education throughout their careers, while 30 per cent did not know that real estate agents have strict ethical standards.
“Buying or selling a home is the biggest financial decision a person or family can make, yet Ontarians in the real estate market have not taken advantage of all that a Realtor can offer,” Sukkau added.
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